Off topic, but as Japan's leaders flounder about in a vain struggle to find a governmental response commensurate with the worsening economic situation, a little perspective is in order.
The financial reporting of the press of advanced industrial economies camouflages, without malice, the extraordinarily privileged status of the producers of financial and business news--and the primary consumers of such news. The Olympian viewpoint is the default--it is so easy to forget that for most of the world, the movements of prices and the drying up of credit means sudden, unexpected, undeserved catastrophe.
Which begs a question -- what is Japan doing to stabilize and bring balance to the global economy, Francisco?
Readers’ Poll: Haneda or Narita?
1 hour ago